Unemployment has risen for the first time since 2013, a new study has indicated.
Research from the Office for National Statistics (ONS) found that the number of people out of work rose to 1.85 million in March to May 2015, marking a rise of 15,000 from the three months to February 2015.
This marks the first quarterly increase since January to March 2013. As well as the rising unemployment, the number of people in work dropped by 67,000 to 30.98 million between March and May.
However, there were some positive findings, as average weekly earnings including bonuses have increased at an annual rate of 3.2 per cent n the last three months. This is the fastest rate in five years while pay excluding bonuses rose at 2.8 per cent.
Female employment also reached a record high of 68.7 per cent, marking a rise of 159,000 from the same period in 2014.
Employment minister Priti Patel said: “The strength of the UK labour market is something we should take great pride in. Today’s figures show real wages growing at the fastest rate since 2007, and near record numbers of women in work.”
Mark Beatson, CIPD chief economist also commented on the figures, noting that many companies still do not have pay reviews because they do not feel wages need to rise or they are offering low rises as they cannot pay more.
The findings also showed that youth unemployment dropped by 92,000 over the last year, putting it at its lowest level since 2008.
With unemployment a key issue for the government, it is vital that companies are in a position where they can offer the best possible pay and rewards to workers, especially at a time when industries are becoming increasingly competitive.
Posted by Jon Aspinell on 17th July 2015
Junior Information Security Analyst
City of London, London
£30000 - £35000 per annum + bonus and benefits
Junior Information Security Analyst - Bank, London A highly successful, global financial services business based in t...
Head of Marketing
A highly successful, international organisation specialising in market intelligence, information and events is lookin...
Software Developer (C#.Net)
South West London
A market leading software company boasting some of the world's leading technology companies as customers is looking t...
Lead Systems Engineer
A leading international business with a key office near Woking is seeking to add a very experienced Lead Systems Engi...
Senior Support Engineer
A well-established IT company in the Twickenham area, whose core business is IT network infrastructure and desktop su...
Payroll / HR Administrator
The Ashdown Group has been approached by a prestigious London attraction to assist them in their search for a Payroll...
What to look for in the perfect application
There are few things more detrimental to a company than making the wrong hire for a critical role. A recent study by ...
How can you make your workplace more attractive to top talent?
Businesses are facing a challenge in trying to attract top talent to their workforces in the current economic climate...
Skills gap ‘costing UK businesses £2 billion a year’
The skills gap is costing UK businesses more than £2 billion a year in higher salaries, temporary staff and recruitme...
UK businesses ‘making bad hires in two-fifths of roles’
UK businesses are failing to hire the right person for two out of every five vacancies, a new report from the Recruit...
Should you be using social media in your recruitment strategy?
It has evolved into a particularly useful tool for companies looking to attract younger, tech-savvy candidates. Howev...
Business responds to Queen’s Speech
This year’s Queen’s Speech follows a tumultuous period in British politics, with Article 50 being triggered and a sna...